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Derivatives added $2.36 billion to earnings, compared with $689 million a year earlier.
Investment banking contributed 80% to pre-tax earnings compared with 55% in 2000.
At the current price, Facebook is trading for 108 times earnings, compared with 18 for Google.
Pfizer's share price is trading at about 20 times per-share earnings, compared with 13 for Merck.
Astoria is trading at 10.5 times next year's earnings, compared with 12 for the average New York savings institution.
Prices of emerging-market shares remain modest, relative to earnings, compared with their peaks in the dotcom boom.
Before the agreement was announced, it was trading at 10 times expected earnings, compared with an average of 13 times earnings for Western European banks.
In June, the portfolio companies traded for an average of 15.7 times projected 2003 earnings, compared with a multiple of 17.5 for the index, he said.
500 stocks trade at 17.5 times earnings compared with a ratio of 18.6 a year ago, even after a rally of 15percentt in the last 12 months.
G.E. is valued at about 24 times its expected 2002 earnings, compared with a multiple of about 23 for the average Standard & Poor's 500 stock.
Thanks largely to these subsidiaries, fee-based activities will account for 43percentt of the combined company's earnings, compared with 35percentt currently for Firstar.
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CEO of Professional Science Editing for Scientists @ prosciediting.com